I'll start the week with this:

I MEAN REALLY..... WHERE ELSE WAS PRICE GOING TO GO?

WHAT DO YOU THINK? DID I SEEM LIKE THE VILLAGE IDIOT LAST NIGHT AND THIS MORNING WHEN ALL THE FINACIALS WERE UP?...and then the WFC news hit

Nice art work roofer. While you are in here I wanted to repeat my question, since I think you missed it. I will address CF in my next post, since it did basically the same thing, and I know we all could benefit from understanding your management techniques. I know I would. Thanks in advance.

Originally posted by jimkane

That's some very impressive trading, roofer. Forty points at a crack. Makes me feel like I'm fighting for table scraps with my setups.

I have a question for you. In this case, when AAPL got to around that 36 area and started to rise, where is your stop? Just above that line intersection around 45? Elsewhere? This is something that is really important for me to understand, how you move your stop as it approaches the area. Thanks.

Originally posted by roofer

AAPL continues to trade like a champ... i have taken every trade given bt the tools since the 886 algo at top and all have worked... latest 40 point grab

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So, like in AAPL, how do you manage your stops? What happens to me in this situation is say CF gets to that 213.17, say 3 from the target area. Then it bounces up almost 7. Do you ride that? How far would you let it go? 8? 10? All the way back? What if the bounce started 1 from the target? 0.50? If you move the stop at some point, when and where? I know you go to break even ASAP, but what about after that?

I couldn't handle getting say 1 from the target on like a 40 point move, only to give it all back to break even. So I know you must trail some kind of stop. How did you handle that in this CF play? It would help me (and I'm sure everyone) a whole bunch if you could answer that for me. Thanks in advance. Truly awesome and impressive work, as usual, roofer.

Originally posted by roofer

I MEAN REALLY..... WHERE ELSE WAS PRICE GOING TO GO?

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Fed report out now. Be cautious.

It came out a little early at 2:54 PM, right at the ES 'peaked' there...

This 'feels' like nothing but down. That has me wondering, again, if they are purposely making it look that way.

Well, they did weaken it into the close. Interesting.

Very pretty, roofer.

Al Kamego

I have a lot to say about this thread but unfortunately no time... Awesome material here from roofer. It make sense that a traders style and psyche have to fit the trading approach since we all see things differently. That wouldn't negate the concept that there is in fact an absolute best use of the tools....but can we all see it in real time....that in itself is an art